Red Robin Q1 2026 comp sales fell 0.6% but restaurant margins improved 50 bps

Red Robin reported first quarter 2026 results with comparable restaurant revenue declining 0.6% due to 1.6% traffic decrease, though offset partially by 1.0% higher average check and improved restaurant-level operating margins of 14.8%. Net income fell to a loss of $2.2 million from $1.2 million profit year-over-year, with Adjusted EBITDA down 2.1% to $27.3 million.